Global Broker Regulation Inquiry App
WikiFX
Chris hagerman 
1-2 years
Is MMA FOREX legit or a scam?
Broker Issues
Regulation
04-13
United States
WikiFX
Reply
I believe that MMA FOREX is not a scam, but its unregulated status raises concerns for me. Since it lacks the protection that comes with regulation, it might not offer the same level of security as regulated brokers. In my opinion, this unregulated status could also affect the company’s credibility in the market.
Similar Questions
Is NovaTech a safe and legit broker?
Franko Knavs
07-06
Is STARTRADER regulated?
x1250
03-29
What major risks or downsides should I consider before choosing TickTickTrader?
schlaepfi
06-29
What major risks or downsides should I consider before choosing to use AXA?
TJensen
08-05
Is Oriental Securities Corporation overseen by any regulatory bodies, and if so, which financial authorities are responsible for its regulation?
joalund
08-20